Halcon Resources Corp. (HK) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $3.24–$3.62 in the past one-month time frame.
This U.S. oil exploration and production stock witnessed two downward revisions in the past 30 days. The Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Halcon Resources Corp. has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%
However, other better ranked stocks in the sector include Athlon Energy Inc. (ATHL), Cabot Oil & Gas Corporation (COG) and Linn Co, LLC (LNCO). While Athlon Energy and Cabot Oil & Gas Corp. sport a Zacks Rank #1 (Strong Buy), Linn Co holds a Zacks Rank #2 (Buy).
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